1/133 Bristol Street, Saint Albans, Christchurch

Nestled in a quiet cul-de-sac at 1/133 Bristol Street, Saint Albans, Christchurch, this residential unit boasts an ownership type of Cross-Lease. Constructed in 1960 with concrete walls and an iron roof, both in good condition, the property offers 2 bedrooms, 1 bathroom, and a single carpark. The 90sqm floor area is complemented by a level contour and a private rear deck, perfect for an easy-care lifestyle with no lawns to mow. The capital value has seen a significant increase from $390,000 in 2019 to $530,000 in 2022, a growth of 35.9%. The latest sale was for $575,000 in 2024, indicating a hot property market in the area.

For families with school-aged children, the property falls within the zones of highly sought-after schools such as Christchurch Girls' High School, Christchurch Boys' High School, Burnside High School, Heaton Normal Intermediate, and Elmwood Normal School. These schools have deciles ranging from 8 to 10, ensuring a high standard of education for your children.

Investors, first home buyers, and young professionals should take note of this property's potential. With a HouGarden AVM of $510,000 and the convenience of being just a 5-minute stroll from Merivale Village and close to the CBD and Hagley Park, this unit presents a brilliant opportunity. The mid-century charm, coupled with modern updates like fresh paint and new LED lighting, makes this property both a comfortable home and a wise investment choice.

Updated on April 10, 2024